Last Updated: January 2024 (Olympia, WA )
Bob Hoefel Investigation Summary
Here’s what you need to know about Olympia, WA, stockbroker Robert Hoefel:
- Name: Mr. Robert James Hoefel
- Current Employer: Not currently registred with FINRA
- Previous Firms: U.S. Bancorp Investments, Wells Fargo Clearing Services, Wells Fargo Investments
- Function: Stock Broker/ Financial Advisor
- Aliases: Bob Hoefel
- Primary Location: Olympia, WA
- CRD 1508512
- Can Bob Hoefel be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior broker-dealer: Yes
- Prior Customer Complaints That Were Denied: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Bob Hoefel As Your Stockbroker?
In 8/2023 Bob Hoefel was discharged by Wells Fargo Clearing Services, who made this allegation on his FINRA record: “Registered employee disclosed during Firm review that he did not contact a client before authorizing a trade in their account and did not escalate the subsequent customer complaint.” Hoefel had been employer by Wells Fargo since 1/2011.
In 12/2023 Bob Hoefel was discharged by U.S. Bancorp Investments after just one month of employment. The firm made this allegation on his FINRA record: “Failed to respond timely to a regulator and failed to notify firm he was contacted by a regulatory body.”
Bob Hoefel discloses three customer complaints by customers of Wamu Investments during 2008-2010. All three were denied by the firm and apparently the customers took no further action to pursue their claims.
Allegations of Broker Misconduct Against Bob Hoefel
Customers of Bob Hoefel have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to purchase municipal bond
- Misrepresented a bond
- Failed to follow instructions to liquidate mutual funds
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Bob Hoefel, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
